Saturday, 27 September 2014

best guess looking at some simple cycles,trendline and 50% retrace. Emphasis on "guess"
edit....I think it will do a 0.618 retrace most likely but the 50% is a decent marker
measured move (red arrows) supports

Interesting that on the SPY 3 times the low pretty well nailed the high. The green line is now resistance
(Wednesday was an outside day so some would argue its doesnt count on a swing chart.Nevertheless I would count it and would counter that on a 4 hr swing chart it would clearly show up as a range) In addition Wednesday's high was a failed attempt to regain resistance from the green line hi/lo resistance line)

Putting the bankster foxes in charge of the BBC henhouse

Saturday, 20 September 2014

the Scottish Referendum was a "sell the news"event for sterling ,with a bearish gravestone doji printed on the weekly cable chart.I suspect sideways volatility before lower prices is the most likely option

I added another "zero angle" Gann fan,this time using the
date of the 1343 major low.The 3x1 was at 2019 on Friday (673 days
times 3)
673 + 1343 = 2016 (the 1x1 from that low),and (as I have been saying ) 2015 is 50% (1.5 x1343.35)

Wednesday, 17 September 2014

on the 15 mn chart we have a double top at 2010-11 and our Gann clustered res is around 2007.5,so this could be a sellable top against the highs ,or maybe a correction and one more push a little higher ?